PARK AEROSPACE Business Summary

Park Aerospace Corp (PKE) operates as a specialized manufacturer of advanced composite materials, generating revenue primarily through the sale of solution and hot-melt prepregs, film adhesives, and lightning strike protection materials. The company’s business is concentrated in the aerospace and defense sectors, providing critical components for jet engines, military aircraft, Unmanned Aerial Vehicles (UAVs), and rocket motors. A key revenue driver is its exclusive North American distributorship of ArianeGroup’s RAYCARB C2B product, used in ablative materials for missile systems like the PAC-3. Park distinguishes itself by targeting high-complexity, low-volume projects that larger competitors often bypass, maintaining a sole-source position on several major aerospace programs. Its primary direct competitors include Hexcel Corporation, Sofitec, and Ami Metals, with Park occupying a high-margin niche role relative to these larger-scale industrial suppliers. Founded in 1954 by Jerry Shore and Tony Chiesa, the company is currently led by Chairman and CEO Brian E. Shore, who has held the chief executive role since 1996 and oversees long-term strategy and capital allocation. The leadership team includes President and COO Mark A. Esquivel, a veteran who rose through the company’s manufacturing ranks over three decades, and Steven Peake, who serves as Chief Technology Officer. In January 2026, the executive suite was further strengthened by the election of Constantine “Gus” Petropoulos as Senior Vice President and Chief Legal and Capital Markets Officer. The company maintains a stable institutional investor base, with major holdings by Brandes Investment Partners, BlackRock, and The Vanguard Group, while CEO Brian Shore remains the largest individual shareholder.